Dempze Nancy E Sells 100 Shares of Adobe Inc. $ADBE

Dempze Nancy E decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 705 shares of the software company’s stock after selling 100 shares during the period. Dempze Nancy E’s holdings in Adobe were worth $273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Schmidt P J Investment Management Inc. lifted its stake in shares of Adobe by 2.9% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock valued at $344,000 after purchasing an additional 25 shares during the period. GS Investments Inc. raised its stake in Adobe by 0.3% during the 1st quarter. GS Investments Inc. now owns 7,563 shares of the software company’s stock worth $2,901,000 after buying an additional 26 shares during the period. Ted Buchan & Co raised its stake in Adobe by 1.9% during the 1st quarter. Ted Buchan & Co now owns 1,368 shares of the software company’s stock worth $525,000 after buying an additional 26 shares during the period. Lifeworks Advisors LLC raised its stake in Adobe by 3.6% during the 1st quarter. Lifeworks Advisors LLC now owns 786 shares of the software company’s stock worth $301,000 after buying an additional 27 shares during the period. Finally, VanderPol Investments L.L.C. raised its stake in Adobe by 5.2% during the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after buying an additional 27 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 0.1%

NASDAQ:ADBE opened at $348.77 on Thursday. The company has a market cap of $146.00 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.56 and a beta of 1.49. The stock’s fifty day moving average price is $352.08 and its two-hundred day moving average price is $371.56. Adobe Inc. has a 1 year low of $330.04 and a 1 year high of $557.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 1.02.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a return on equity of 57.54% and a net margin of 30.01%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. As a group, analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on ADBE. Redburn Atlantic lowered Adobe from a “hold” rating to a “strong sell” rating and decreased their price objective for the stock from $420.00 to $280.00 in a report on Wednesday, July 2nd. Barclays boosted their price objective on Adobe from $460.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Bank of America boosted their price objective on Adobe from $424.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Adobe in a report on Wednesday. Finally, BMO Capital Markets reduced their target price on Adobe from $450.00 to $405.00 and set an “outperform” rating for the company in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $433.41.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.